Western Copper and Gold Corp T.WRN

Gold price rallies,, Timing !

[Marine2]

Timing turning in our favour !

Gold price rallies on slightly cooler U.S. CPI print

 

Jim Wyckoff  Thursday November 10, 2022 08:47

 

Kitco News

:

 

(Kitco News) - Gold and silver prices are solidly higher in early U.S. trading Thursday, with gold scoring a seven-week high and silver a 4.5-month high, following a U.S. inflation report that came in just a bit cooler than market expectations. December goldwas last up $24.50 at $1,737.90 and December silver was up $0.513 at $21.84.

The just-released U.S. consumer price index report for October came in up 7.7%, year-on-year, versus expectations for a rise of 7.9%, year-on-year, and compares to the 8.2% rise seen in the September report. This report may be the most important data point of the month. A slightly cooler reading in the CPI print may influence the Federal Reserve"s decision-making process ahead of its December FOMC meeting.

[GardenManman]

today market soared, especially nasdaq. Maybe I was missing the opportunity to switch some WRN position to tech company.

[dfwrgk]

Why post that?  Just do it! 

[GardenManman]

already did a little bit. No much patience. waste too much time and money.Wait till end of this month. Then decide to switch more position.

[GardenManman]

Frankly. If cpi peaked and turn down. If FED stop rate hiking. Tech company should has been bottomed already in this week. So. Wait the Fed's opinion and action. Once confirmed. Nasdaq company (with postive cashflow)should be more attractive than wrn. Why? Wrn still remained more uncertainty both on return and timing. That's the logical. wait the Fed's attitude and action. Frankly I am